China Industrial Waste Management, an environmental services and solutions provider in China, has announced that the company's 90 percent-owned subsidiary Dalian Dongtai Industrial Waste Treatment Co. has signed a major waste management contract with one of the top five shipbuilding companies in Dalian.

Per the contract, Dalian Dongtai will dispose and treat a variety of wastes generated by the shipbuilding company at a predetermined unit price for each type of waste. According to the shipbuilder's annual production plan, the total volume of waste is estimated to be 30,000 tonnes per year, which will bring the company approximately US$2.0 million of revenue annually.